Genesis Digital Assets has purchased an additional 10,000 mining machines from manufacturer Canaan.
- The order for 10,000 A1246/A1166Pro machines is to be completed by the end of this month, an announcement Wednesday said.
- It follows the signing of a partnership between the Nasdaq-listed manufacturer and Genesis Digital Assets for the purchase of Canaan’s next-generation A1246 Avalon Miner machines valued at up to $93.63 million.
- Abdumalik Mirakhmedov, co-founder of Genesis Digital Assets, said he expects the purchase will help increase the firm’s hash rate “by a minimum of twofold over the coming months.”
- The China-based Canaan announced June 2 that it expected to book net revenue of between $150 million and $250 million in Q2.
Source: Coindesk
